Pneumatic Actuator Market Size to Grow by USD 960.65 million from 2022 to 2027; Increasing use of pneumatic actuators in food and beverage industry to boost the market growth

News provided by

29 Jun, 2023, 18:45 ET

Share this article

NEW YORK, June 29, 2023 /PRNewswire/ -- The pneumatic actuator market size is estimated to grow at a CAGR of 5.18% between 2022 and 2027. The market size is forecast to increase by USD 960.65 million, according to Technavio. The increasing use of pneumatic actuators in the food and beverage industry is a key factor driving market growth. The need for automated processes in the food and beverage industry is rapidly increasing due to the increase in demand for organic foods and tightening food safety regulations. The incorporation of automation and robotics is being included by the manufacturers in their product line to make the processes flexible and agile so that the demand from the retailer can be met. The new FDA regulations under the Food Safety Modernization Act have led pneumatic actuator suppliers to offer products in different designs and variants to meet the changing consumer demands. For instance, Parker Hannifin offers pneumatic actuators that are used in food and beverage applications. Hence, these factors are expected to drive the market growth during the forecast period. Discover some insights on the market size, historic period (2017 to 2021), and Forecast 2023-2027 before buying the full report -Request a sample report

Pneumatic actuator market – Vendor AnalysisVendor Landscape - The pneumatic actuator market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer pneumatic actuators in the market are ABB Ltd., AIRTECH PRODUCTS Inc., Automation Technology Inc., Crane Holdings Co., Eaton Corp. Plc, Emerson Electric Co., Festo SE and Co. KG, Flowserve Corp., Honeywell International Inc., Moog Inc., Nutork Corp., Parker Hannifin Corp., Pentair Plc, Robert Bosch GmbH, ROTEX Controls Inc., Rotork Plc, Schlumberger Ltd., Siemens AG, SMC Corp., and Tolomatic Inc. and others.

What's New? -

Vendor Offerings -

Pneumatic Actuator Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on end-user (chemical and petrochemical, oil and gas, power generation, mining, and others), product type (quarter-turn, multi-turn, and linear)

Geography OverviewBy geography, the pneumatic actuator market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global pneumatic actuator market.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Global Pneumatic Actuator Market – Market Dynamics

Key Trends

Major challenges

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Pneumatic Actuator Market report?

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports

The electric actuators market is estimated to grow at a CAGR of 5.19% between 2022 and 2027. The market size is forecasted to increase by USD 4,312.22 million. Furthermore, this report extensively covers market segmentation by end-user (automotive industry, water, and wastewater industry, marine industry, aerospace, and defense industry, and others), type (rotary and linear), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The growing demand for commercial and defense aircraft is a key factor driving the market growth during the forecast period.

The industrial valves and actuators market size is estimated to grow by USD 17,005.57 million from 2023 to 2027 and the market's growth momentum will accelerate at a CAGR of 4.63%. Furthermore, this report extensively covers market segmentation by product (industrial quarter-turn valves, multi-turn valves, industrial control valves, and industrial actuators), end-user (chemical and petroleum industry, water and wastewater industry, power industry, mining, and minerals industry, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The increasing investment in modernizing industrial facilities is a key factor driving the market growth during the forecast period.

Pneumatic Actuator Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.18%

Market growth 2023-2027

USD 960.65 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.72

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 30%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., AIRTECH PRODUCTS Inc., Automation Technology Inc., Crane Holdings Co., Eaton Corp. Plc, Emerson Electric Co., Festo SE and Co. KG, Flowserve Corp., Honeywell International Inc., Moog Inc., Nutork Corp., Parker Hannifin Corp., Pentair Plc, Robert Bosch GmbH, ROTEX Controls Inc., Rotork Plc, Schlumberger Ltd., Siemens AG, SMC Corp., and Tolomatic Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Product Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio